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DCB Itarsi Hoshangabad Madhya Pradesh MICR CODE

Find MICR Codes for DCB Itarsi Hoshangabad Madhya Pradesh

Bank
State
District
City
Branch
Address

MICR Code	-NA-
Bank	Development Credit Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Itarsi
Contact
Bank Details	Development Credit Bank Ltd Itarsi DCBL0000104

Location	Itarsi, Hoshangabad
City	Itarsi
District	Hoshangabad
State	Madhya Pradesh
Pincode	461111
Country	IN
Address	Shop no.17,plot no.82,5th line,azad nagar, itarsi,dist hoshangabad.mp 461111

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 0 for Itarsi branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 0 of Development Credit Bank, Itarsi branch makes the system almost error free and faster. Use of Development Credit Bank MICR codes for Itarsi branch, makes the characters readable even if there are other marks and stamps on it.

A total of 1 branches of Development Credit Bank Ltd are available with micr code -

>>Itarsi

MICR code for DCB Itarsi

DCB MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. Development Credit Bank MICR code for Itarsi is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 0 is the MICR code of DCB for Itarsi branch. MICR code for Itarsi branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for Development Credit Bank Itarsi is presented in the table alongside.

Use of Development Credit Bank MICR code for Itarsi branch in itarsi

The MICR code 0 is used in RBI cheque clearing process to identify the branch Itarsi and Development Credit Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of DCB is typically in either of these two font’s: E-138 and CMC-7.